Wall Street is taking President Donald Trump’s latest threat on tariffs in stride, on the whole, and U.S. stocks are drifting higher on Monday. The S&P 500 was up 0.4% in early trading, coming off a losing weekbookended by worries about how potential tariffs could push up inflation and threaten the economy.

Investors are weighing Trump's pledge on Sunday to introduce additional 25% tariffs on steel and aluminum from all countries.

But perhaps nothing has been more influential for the stock market over the last three months than Donald Trump's election night victory. During Trump's first term in the White House, the Dow Jones, S&P 500, and Nasdaq Composite respectively rose by 57%, 70%, and 142%.

The stock market fell on Monday after President Donald Trump slapped tariffs on Canada, Mexico and China, eliciting threats of retaliation and setting the stage for a trade war. Traders demonstrated their jitters with a selloff of U.

China, which Trump announced will get hit with a 10 percent tariff starting Tuesday, will reportedly have a call with the White House soon. Early Tuesday, Beijing announced a 15 percent levy on certain types of coal and natural gas, and a 10 percent tariff on various vehicle parts, machinery, and crude oil.

Global shares were trading mixed on Monday, as investors found bargains despite worries about U.S. President Donald Trump's tariffs. France's CAC 40 edged up 0.2% in early trading to 7,988.29, while Germany's DAX rose 0.